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Bumble Founder Becomes The Youngest Female Self-Made Billionaire | Forbes
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Shares of dating app Bumble soared in its IPO on Thursday, turning its 31-year-old CEO and founder Whitney Wolfe Herd into the world’s youngest self-made woman billionaire. Her nearly 12% stake in the company was worth $1.6 billion as of 12:40 p.m. EST on Thursday.
Bumble stock opened at $76, much higher than its initial IPO price of $43 per share. The company made its debut hours after the markets opened on Thursday.
According to Bumble’s prospectus, Wolfe Herd owns 21.54 million shares, equivalent to 11.6% of the company. In addition to being the world’s youngest self-made female billionaire, she is also the youngest female CEO ever to take a company public in the U.S.
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Bumble stock opened at $76, much higher than its initial IPO price of $43 per share. The company made its debut hours after the markets opened on Thursday.
According to Bumble’s prospectus, Wolfe Herd owns 21.54 million shares, equivalent to 11.6% of the company. In addition to being the world’s youngest self-made female billionaire, she is also the youngest female CEO ever to take a company public in the U.S.
Stay Connected
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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